ACTIVE

Tessenderlo Group

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Financial year 2025 · closed on 31/12/2025

Net result

-120,6 M €

-5604.4% YoY

Revenue

513,9 M €

-3.1% YoY

Equity

2 Md €

-9.6% YoY

Workforce

707,5 ETP

+2.5% YoY

What does Tessenderlo Group do?

Tessenderlo Group is a Public limited company incorporated in 1972. Its main activity is: Manufacture of other inorganic basic chemicals. Its registered office is in Ixelles. It employs on average 707,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.101.728

Incorporation

14/03/1972

Legal form

Public limited company

Registered office

Rue du Trône 130
1050 Ixelles · BruxellesSee on map

Contributed capital

2 109 165 957,47 €

Latest accounts

31/12/2025

Average workforce

707,5 ETP

Activities (NACE)

20130Manufacture of other inorganic basic chemicals· main 20130Manufacture of other inorganic basic chemicals 24130Manufacture of basic iron and steel and of ferro-alloys

Joint committees (2)

Signals

Solid equityLow riskGood liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	513,9 M €	-3.1%	530,4 M €	+6.5%	498 M €	-18.8%	613,1 M €	+27.0%	482,6 M €	+29.7%	372,1 M €	-2.1%	380,1 M €	+1.5%	374,6 M €	-1.8%	381,5 M €	+11.5%	342,1 M €	-14.2%	398,8 M €	+6.7%	373,7 M €	-24.9%	497,8 M €	-5.0%	524 M €	-2.8%	538,9 M €	-10.3%	600,4 M €	+5.1%	571,4 M €	-38.7%	931,9 M €	+44.7%	643,8 M €	+8.2%	595,1 M €
EBITDA	-67 M €	-1015%	-6 M €	+54.7%	-13,3 M €	-127%	50 M €	+393%	10,2 M €	+22.9%	8,3 M €	+124%	3,7 M €	+332%	-1,6 M €	-112%	13,2 M €	+4.6%	12,6 M €	-69.0%	40,7 M €	+46.5%	27,8 M €	+158%	-47,9 M €	-98.8%	-24,1 M €	-1080%	-2 M €	-128%	7,2 M €	+109%	-76,1 M €	-162%	122,2 M €	+151%	48,7 M €	+173%	17,9 M €
Operating result	-68,4 M €	-137%	-28,9 M €	+1.2%	-29,2 M €	-196%	30,6 M €	+531%	-7,1 M €	-46.3%	-4,9 M €	+33.3%	-7,3 M €	+36.9%	-11,5 M €	-547%	2,6 M €	+28.4%	2 M €	-93.0%	28,6 M €	+57.1%	18,2 M €	+131%	-59,1 M €	-62.6%	-36,3 M €	-186%	-12,7 M €	-60.6%	-7,9 M €	+92.3%	-102,3 M €	-206%	96,8 M €	+386%	19,9 M €	+471%	-5,4 M €
Net result	-120,6 M €	-5604%	2,2 M €	-99.1%	238,7 M €	-30.0%	341 M €	+547%	52,7 M €	+261%	-32,7 M €	-120%	164,2 M €	+3985%	4 M €	+130%	-13,6 M €	-118%	75,8 M €	+466%	-20,7 M €	-143%	48,6 M €	-30.6%	70 M €	+151%	-138,4 M €	-224%	111,7 M €	-36.3%	175,2 M €	+216%	-150,6 M €	-270%	88,4 M €	+77.5%	49,8 M €	+215%	-43,4 M €
Balance sheet
Equity	2 Md €	-9.6%	2,2 Md €	-28.1%	3,1 Md €	+148%	1,3 Md €	+28.3%	979,3 M €	+5.7%	926,8 M €	-3.4%	959,2 M €	+20.7%	794,8 M €	+0.6%	790,3 M €	-1.4%	801,5 M €	+11.0%	721,9 M €	-1.3%	731,3 M €	+44.2%	507,3 M €	+21.4%	417,8 M €	-27.6%	576,8 M €	+19.1%	484,3 M €	+44.1%	336,1 M €	-35.7%	523,1 M €	+11.3%	470 M €	+6.8%	440,2 M €
Total assets	2,5 Md €	-11.3%	2,8 Md €	-21.7%	3,6 Md €	+96.1%	1,8 Md €	+2.5%	1,8 Md €	+12.6%	1,6 Md €	+3.9%	1,5 Md €	+1.7%	1,5 Md €	+5.8%	1,4 Md €	+1.6%	1,4 Md €	+1.6%	1,4 Md €	+10.2%	1,3 Md €	+11.9%	1,1 Md €	+5.5%	1,1 Md €	+6.5%	996,7 M €	+8.8%	915,9 M €	+9.7%	834,6 M €	-17.9%	1 Md €	+18.0%	861 M €	+2.2%	842,3 M €
Cash	2,4 M €	-80.3%	12,4 M €	+10.9%	11,2 M €	-34.0%	17 M €	-87.4%	134,7 M €	+262%	37,2 M €	+10.3%	33,7 M €	-18.9%	41,6 M €	-11.9%	47,2 M €	+123%	21,1 M €	+13.4%	18,6 M €	-69.7%	61,4 M €	+842%	6,5 M €	+312%	1,6 M €	+1019%	141,6 k €	-97.4%	5,5 M €	+110%	2,6 M €	-52.4%	5,5 M €	+287%	1,4 M €	-27.2%	1,9 M €
Debts	363,4 M €	-17.6%	441,1 M €	+18.8%	371,3 M €	-18.7%	456,4 M €	-33.4%	685,1 M €	+27.5%	537,2 M €	+21.8%	441,1 M €	-22.7%	570,5 M €	+13.4%	503,2 M €	+8.6%	463,2 M €	-9.6%	512,6 M €	+39.4%	367,7 M €	-15.9%	437,3 M €	-11.2%	492,7 M €	+36.6%	360,6 M €	-4.7%	378,2 M €	+11.5%	339,1 M €	-14.1%	394,6 M €	+26.4%	312,2 M €	-1.2%	316,1 M €
Other
Workforce	707,5 ETP	+2.5%	690,2 ETP	-1.3%	699,3 ETP	+0.4%	696,6 ETP	-2.4%	714,0 ETP	+1.4%	704,0 ETP	+0.3%	702,0 ETP	+4.0%	675,0 ETP	+1.7%	664,0 ETP	+3.4%	642,2 ETP	-4.9%	675,1 ETP	-10.5%	754,0 ETP	-8.5%	823,6 ETP	-3.0%	848,9 ETP	+4.7%	810,8 ETP	-40.0%	1 351,2 ETP	-2.2%	1 382,2 ETP	-1.0%	1 396,3 ETP	+3.9%	1 343,6 ETP	-3.8%	1 396,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 77 ended

Active mandates

Rocco

Director · since 06 novembre 2025 · until 08 mai 2029 · 0782.969.845

Represented by Roseline Braet

Active

Sebastià Pons

Director · since 13 mai 2025 · until 08 mai 2029

Active

West Linde

Director · since 21 août 2024 · until 11 mai 2027 · 0789.880.106

Represented by Laurie Tack

Active

Wouter De Geest

Chairman of the board of directors · since 01 janvier 2024 · until 11 mai 2027

Active

Ann Vereecke

Director · since 09 mai 2023 · until 11 mai 2027 · 0465.678.489

Represented by Ann VEREECKE

Active

Luc Tack

Director · since 09 mai 2023 · until 11 mai 2027

Active

PASMA

Director · since 09 mai 2023 · until 11 mai 2027 · 0466.125.382

Represented by Patrick STEVERLYNCK

Active

Ended mandates

Karel Vinck

Director · since 09 mai 2023 · until 11 mai 2027

Ended

Laurie Tack

Director · since 09 mai 2023 · until 11 mai 2027

Ended

Wouter De Geest

Director · since 09 mai 2023 · until 11 mai 2027

Ended

Stefaan Haspeslagh

Chairman of the board of directors · since 10 mai 2022 · until 12 mai 2026

Ended

At this address

Other companies at this address

Company	CBE no.
Fonds de Pension Limbourg Chimie - Pensioenfonds Limburg Chemie● Active	0414.828.418
IDALIE RETAIL● Active	1038.309.675
TESSENDERLO CHEMIE INTERNATIONAL● Active	0407.247.372
TESSENDERLO DEVELOPMENT SERVICES● Active	0724.619.989
Tessenderlo Investment● Active	0643.795.829
T-POWER● Active	0875.650.771
T-Power Energy Services● Active	0838.489.378

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Consolidated accounts	Consolidated accounts
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/05/2026	02/06/2025	28/05/2024	26/05/2023	23/05/2022	30/09/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

44 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/05/2026	22/05/2026	Dutch	PDF
Consolidated accounts	31/12/2025	12/05/2026	22/05/2026	Dutch	PDF
Full model	31/12/2024	13/05/2025	02/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	13/05/2025	06/06/2025	Dutch	PDF
Full model	31/12/2023	14/05/2024	28/05/2024	Dutch	PDF
Consolidated accounts	31/12/2023	14/05/2024	30/05/2024	Dutch	PDF
Full model	31/12/2022	09/05/2023	26/05/2023	Dutch	PDF
Consolidated accounts	31/12/2022	09/05/2023	31/05/2023	Dutch	PDF
Full model	31/12/2021	10/05/2022	17/05/2022	Dutch	PDF
Consolidated accounts	31/12/2021	10/05/2022	23/05/2022	Dutch	PDF
Full modelCorrection	31/12/2020	11/05/2021	06/08/2021	Dutch	PDF
Full model	31/12/2020	11/05/2021	09/06/2021	Dutch	PDF
Consolidated accountsCorrection	31/12/2020	11/05/2021	30/09/2021	Dutch	PDF
Consolidated accounts	31/12/2020	11/05/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	12/05/2020	04/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	12/05/2020	16/06/2020	Dutch	PDF
Full model	31/12/2018	14/05/2019	03/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	03/01/2019	14/06/2019	Dutch	PDF
Full model	31/12/2017	08/05/2018	14/05/2018	Dutch	PDF
Consolidated accounts	31/12/2017	08/05/2018	16/05/2018	Dutch	PDF
Full model	31/12/2016	06/06/2017	09/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	06/06/2017	13/06/2017	Dutch	PDF
Full model	31/12/2015	07/06/2016	20/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	07/06/2016	29/06/2016	Dutch	PDF

View all 44 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 77 ended

Active mandates

Rocco

Director · since 06 novembre 2025 · until 08 mai 2029 · 0782.969.845

Represented by Roseline Braet

Active

Sebastià Pons

Director · since 13 mai 2025 · until 08 mai 2029

Active

West Linde

Director · since 21 août 2024 · until 11 mai 2027 · 0789.880.106

Represented by Laurie Tack

Active

Wouter De Geest

Chairman of the board of directors · since 01 janvier 2024 · until 11 mai 2027

Active

Ann Vereecke

Director · since 09 mai 2023 · until 11 mai 2027 · 0465.678.489

Represented by Ann VEREECKE

Active

Luc Tack

Director · since 09 mai 2023 · until 11 mai 2027

Active

PASMA

Director · since 09 mai 2023 · until 11 mai 2027 · 0466.125.382

Represented by Patrick STEVERLYNCK

Active

Ended mandates

Karel Vinck

Director · since 09 mai 2023 · until 11 mai 2027

Ended

Laurie Tack

Director · since 09 mai 2023 · until 11 mai 2027

Ended

Wouter De Geest

Director · since 09 mai 2023 · until 11 mai 2027

Ended

Stefaan Haspeslagh

Chairman of the board of directors · since 10 mai 2022 · until 12 mai 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/12/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates08/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other28/03/2025
DIVERSEN
PDF
Mandates22/10/2024
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

12/05/2026
nominationRoseline Braet — vaste vertegenwoordiger van Rocco BV, niet-uitvoerende bestuurder
12/05/2026
nominationBéatrice Bruey — onafhankelijk niet-uitvoerende bestuurder
01/04/2026
nominationLuc Tack BV — CEO / persoon belast met het dagelijks bestuur
25/03/2026
nominationBeatrice Bruey — onafhankelijk niet-uitvoerend bestuurder
2025
Annual accounts 2025-120,6 M €↓
17/12/2025
reduction_capital
06/11/2025
nominationRocco BV — bestuurder
13/05/2025
nominationWest Linde BV — niet-uitvoerende bestuurder
13/05/2025
nominationRoseline Braet — niet-uitvoerende bestuurder
13/05/2025
nominationSebastià Pons — onafhankelijk niet-uitvoerende bestuurder
13/05/2025
reconductionKPMG Bedrijfsrevisoren/Réviseurs d'Entreprises BV/SRL — commissaris
2024
Annual accounts 20242,2 M €↓
21/08/2024
nominationWest Linde BV — bestuurder
20/08/2024
reduction_capital
06/05/2024
nominationWouter De Geest — Voorzitter van de Raad van Bestuur
01/01/2024
nominationSandra Hoeylaerts — Chief Transformation Officer
01/01/2024
nominationMiguel de Potter — Chief Financial Officer
01/01/2024
nominationLuc Tack — Chief Executive Officer
2023
Annual accounts 2023238,7 M €↓
14/12/2023
reduction_capital
09/05/2023
reconductionLuc Tack — uitvoerend bestuurder
09/05/2023
reconductionKarel Vinck — niet-uitvoerend bestuurder
09/05/2023
reconductionWouter De Geest — onafhankelijk, niet-uitvoerend bestuurder
09/05/2023
nominationLaurie Tack — niet-uitvoerend bestuurder
09/05/2023
nominationPatrick Steverlynck — niet-uitvoerend bestuurder (vertegenwoordiger van Pasma nv)
09/05/2023
nominationAnn Vereecke — onafhankelijk, niet-uitvoerend bestuurder (vertegenwoordiger van Ann Vereecke bv)
17/03/2023
augmentation_capital
10/02/2023
augmentation_capital
02/01/2023
augmentation_capital
2022
Annual accounts 2022341 M €↑
10/05/2022
reconductionStefaan Haspeslagh — uitvoerend bestuurder
10/05/2022
nominationJoachim Hoebeeck — commissaris
2021
Annual accounts 202152,7 M €↑
2020
Annual accounts 2020-32,7 M €↓
2019
Annual accounts 2019164,2 M €↑
2018
Annual accounts 20184 M €↑
2017
Annual accounts 2017-13,6 M €↓
2016
Annual accounts 201675,8 M €↑
2015
Annual accounts 2015-20,7 M €↓
2014
Annual accounts 201448,6 M €↓
2013
Annual accounts 201370 M €↑
2012
Annual accounts 2012-138,4 M €↓
2011
Annual accounts 2011111,7 M €↓
2010
Annual accounts 2010175,2 M €↑
2009
Annual accounts 2009-150,6 M €↓
2008
Annual accounts 200888,4 M €↑
2007
Annual accounts 200749,8 M €↑
2006
Annual accounts 2006-43,4 M €
14/03/1972
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Tessenderlo Group

Overview

What does Tessenderlo Group do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline